India

India

18 Dec 2014
Capacity at a container terminal at Viskhapatnam Port, a major state-owned cargo hub on India’s southeastern coast, is set to double to 1 million TEUs annually after a consortium signed a Rs. 633.11 crore (US $102 million) construction contract.
17 Dec 2014
DP World’s Indian facility, Mundra International Container Terminal, said it broke the one-million-TEU mark for the first time in its fiscal year that ends Dec. 30.
17 Dec 2014
Maersk Line is merging its MECL1 and MECL2 services connecting the Middle East, India and the U.S. East Coast into a single weekly loop, beginning in mid-January 2015.
17 Dec 2014
The largest container ship handled by an Indian port was the 14,000 TEU capacity vessel MSC Valeria at Mundra in 2013, a record that has little chance of being broken any time soon.
16 Dec 2014
Maersk Line plans to launch a direct weekly service from India to Africa in late January 2015 in a move to reduce transit times on that trade lane.
16 Dec 2014
India’s trade deficit in November rose to its highest level since May 2013, as industrial and capital goods imports accelerated amid signs of a budding recovery in the country’s manufacturing sector.
15 Dec 2014
India’s Ministry of Railways said it will postpone previously announced container rail increases, providing a temporary respite for shippers struggling with port congestion and rising transportation costs.
12 Dec 2014
Shippers and ocean carriers, left reeling from months-long congestion and berthing delays at India’s largest container port complex, Nhava Sheva (Jawaharlal Nehru Port Trust), are unlikely to get a break in the near future, as the port authority has been forced to push back an equipment modernization program by a month following delays in the arrival of new gantry cranes.
11 Dec 2014
The number of containers handled at major ports in India climbed 8.32 percent year-over-year from April through November, the first eight fiscal months, continuing an accelerating growth trend that leaves state-owned port authorities on track to meet annual throughput targets.
09 Dec 2014
DB Schenker, the logistics arm of Germany’s Deutsche Bahn, has opened a new sales office in Vapi, India, to serve its customers in the country’s western region.
09 Dec 2014
Almost half the container vessels arriving at the Asian ports of Ho Chi Minh City, Manila and Nhava Sheva between Oct. 15 and Nov. 15 were delayed more than 12 hours, and one third of the arriving ships faced delays of more than 24 hours, CargoSmart has found.